ADANIPOWER · NSE
Adani Power Limited
₹206.6
+0.33% (+₹0.68)
Prev. close
₹205.92
Volume
1,81,85,888
Delivery %
44.6%
As of
18 Sept 2026
Price history
IIFL Capital Analysis · IIFL Capital · 10 Jul 2026
“Bullish on Adani Power with a 'Buy' call and a target price of Rs 240, indicating an 11% upside. The company is significantly expanding its coal capacity by 23.7GW, which will more than double its current operating base, leading to a projected rise in free cash flow from operations from Rs 170 billion in FY26 to Rs 570 billion upon full portfolio buildout.”
Published mid-session at 09:24 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.
Analyst sentiment
Analysts lean bullish
9 analyst stances · last 90 days · one per analyst
Trackable
7 · 7 bull / 0 neutral / 0 bear
Long-Horizon
none in window
Commentary
2 · 2 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
| Call | Analyst | Instrument | Verdict | Actions | |||
|---|---|---|---|---|---|---|---|
| “Bullish on Adani Power with a Buy rating and a target price of ₹270, implying 33% upside. Management aims to expand capa…” | Jefferies AnalysisJefferies | Adani Power | PENDING | ||||
| “Bullish on Adani Power with a Buy rating and a target price of Rs 250, implying a potential upside of 17% from the refer…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Adani Power | PENDING | ||||
| “Bullish on Adani Power, recommending a buy at ₹215 with a target of ₹230 and a stop loss at ₹207. The stock is signaling…” | Sumeet BagadiaChoice Equity Broking | Adani Power | PENDING | ||||
| “Overweight rating on Adani Power, a utility sector company that has delivered a stellar 71% return over the past year, o…” | Morgan Stanley AnalysisMorgan Stanley India | Adani Power | PENDING | ||||
| “Bullish on Adani Power, setting a price target of ₹250, implying a 19% upside from current levels. The company is seen a…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Adani Power | PENDING | ||||
| “Initiated coverage on Adani Power with a 'Buy' rating and a target price of ₹250 per share, implying over 20% upside fro…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Adani Power | PENDING | ||||
| “Bullish on Adani Power with a 'Buy' rating and a target price of ₹250, implying a 20% upside from ₹208. The call is base…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Adani Power | PENDING | ||||
| “Initiated coverage on Adani Power with a 'buy' rating and a target price of ₹250 per share, implying a 20% upside. The c…” | Motilal Oswal AnalysisMotilal Oswal Financial Services | Adani Power | PENDING | ||||
| “Bullish on Adani Power, which saw a bullish breakout from a month-long congestion range on daily charts with significant…” | Vipin KumarGlobe Capital Market | Adani Power | PENDING | ||||
| “Bullish on Adani Power, recommending a buy at ₹226 with targets of ₹235-245 and a stop-loss at ₹214. The stock shows sig…” | Virat JagadBonanza Portfolio | Adani Power | MISS | ||||
| “Bullish on Adani Power with a 'Buy' call and a target price of Rs 240, indicating an 11% upside. The company is signific…” | IIFL Capital AnalysisIIFL Capital | Adani Power | NOT GRADED | ||||
“Bullish on Adani Power with a 'Buy' call and a target price of Rs 240, indicating an 11% upside. The company is significantly expanding its coal capacity by 23.7GW, which will more than double its current operating base, leading to a projected rise in free cash flow from operations from Rs 170 billion in FY26 to Rs 570 billion upon full portfolio buildout.” This call couldn't be objectively graded against market data. | |||||||
| “IIFL Capital has initiated coverage on Adani Power with a 'buy' recommendation and a 12-month price target of ₹240 per s…” | IIFL Capital AnalysisIIFL Capital | Adani Power | PENDING | ||||
| “IIFL initiates 'Buy' on Adani Power with a 12-month target price of ₹240, forecasting EBITDA to quadruple by FY33-35E an…” | IIFL Capital AnalysisIIFL Capital | Adani Power | PENDING | ||||
| “IIFL Capital initiates coverage on Adani Power with a 'buy' rating and a 12-month target price of ₹240, implying a 9% up…” | IIFL Capital AnalysisIIFL Capital | Adani Power | PENDING | ||||
Market commentary · 2 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on Adani Power, as the judicial ruling reversing the MERC order, combined with strong Q1 FY27 financial performa…” | Seema SrivastavaSMC Global Securities | Adani Power | PENDING | |
| “Bullish on Adani Power, as the MERC order reinforces a broader growth trajectory already visible in the company's number…” | Ravi SinghMaster Capital Services Ltd. | Adani Power | PENDING |
Fundamentals
About Adani Power Limited
Adani Power Limited engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India. The company generates electricity through thermal energy sources through various power projects with a combined installed and commissioned capacity of 18,150 megawatt (MW). It also operates various coal based power plants comprising 4,620 MW at Mundra, Gujarat; 3,300 MW at Tiroda, Maharashtra; 1,320 MW at Kawai, Rajasthan; 1,200 MW at Udupi, Karnataka; 600 MW at Raigarh and Korba, Chhattisgarh; 1,370 MW at Raipur, Chhattisgarh; 1,200 MW at Mahan, Madhya Pradesh; 1,200 MW at Mutiara, Tamil Nadu; 1,600 MW at Mirzapur, Uttar Pradesh; 500 MW at Dahanu, Maharashtra; and 1600 MW at Godda, Jharkhand. The company also operates solar based power plant comprising 40 MW at Bitta, Gujarat. In addition, it engages in coal import and supply/trading business. Adani Power Limited was founded in 1988 and is headquartered in Ahmedabad, India.
Details
Sector
Utilities
Industry
Utilities - Independent Power Producers
CEO
Mr. Shersingh B. Khyalia
Headquarters
Ahmedabad
Employees
3,967
Website
adanipower.comExchange
View on NSE ↗Key stats
Market cap
₹3.97 L Cr
P/E ratio (TTM)
27.9
EPS (TTM)
₹7.39
Beta (1Y · daily vs NIFTY 50)
0.97
Beta (5Y · monthly vs NIFTY 50)
1.43
Shares float
543.75 Cr
EPS · quarter ended Jun 2026
₹2.49
Upcoming earnings
29 Oct 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 2.0% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹26,221.48 Cr | ₹27,711.18 Cr | ₹38,773.30 Cr | ₹50,351.25 Cr | ₹56,203.09 Cr | ₹54,240.52 Cr | |
| EBITDA | ₹10,596.72 Cr | ₹13,789.45 Cr | ₹14,311.88 Cr | ₹28,110.93 Cr | ₹24,008.18 Cr | ₹23,430.87 Cr |
| ₹1,269.98 Cr | ₹4,911.58 Cr | ₹10,726.64 Cr | ₹20,828.79 Cr | ₹12,938.77 Cr | ₹12,834.30 Cr | |
| Diluted EPS | ₹0.01 | ₹1.93 | ₹4.91 | ₹10.32 | ₹6.46 | ₹6.62 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹78,805.91 Cr | ₹81,981.02 Cr | ₹85,821.27 Cr | ₹92,009.00 Cr | ₹1.13 L Cr | ₹1.41 L Cr | |
| ₹52,518.68 Cr | ₹48,898.43 Cr | ₹42,349.53 Cr | ₹34,431.07 Cr | ₹39,356.29 Cr | ₹54,518.77 Cr | |
| Stockholders' equity | ₹13,112.59 Cr | ₹18,703.44 Cr | ₹29,875.66 Cr | ₹42,899.00 Cr | ₹56,347.00 Cr | ₹64,937.00 Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹7,014.35 Cr | ₹10,232.73 Cr | ₹8,431.00 Cr | ₹14,170.00 Cr | ₹21,501.00 Cr | ₹20,514.00 Cr | |
| Investing cash flow | ₹-2,187.57 Cr | ₹774.46 Cr | ₹1,544.79 Cr | ₹3,485.03 Cr | ₹-17,142.05 Cr | ₹-26,460.56 Cr |
| ₹-5,654.84 Cr | ₹-10,337.86 Cr | ₹-10,408.00 Cr | ₹-16,864.00 Cr | ₹-5,175.00 Cr | ₹6,555.00 Cr | |
| Capital expenditure | ₹-3,617.61 Cr | ₹-3,434.55 Cr | ₹-3,244.00 Cr | ₹-2,602.00 Cr | ₹-11,559.00 Cr | ₹-23,350.00 Cr |
| End cash position | ₹113.04 Cr | ₹782.37 Cr | ₹349.23 Cr | ₹1,136.25 Cr | ₹319.86 Cr | ₹927.88 Cr |
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Jun 23(8Q) | Sep 23 | Dec 23–Mar 24(2Q) | Jun 24 | Sep 24–Jun 26(8Q) |
|---|---|---|---|---|---|
| Promoter | 74.97% | 70.02% | 71.75% | 72.71% | 74.96% |
| Public | 25.03% | 29.98% | 28.25% | 27.29% | 25.04% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Utilities
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Adani Power Limited | ₹3.97 L Cr | ₹206.6 | 27.9 | 6.12 | 19.8% | 0.84 | -3.5% | -67.3% |
| NTPC Limited | ₹3.20 L Cr | ₹323.65 | 10.1 | 1.57 | 13.3% | 1.33 | -1.2% | -3.9% |
| Power Grid Corporation of India Limited | ₹2.45 L Cr | ₹270.3 | 12.9 | 2.44 | 15.8% | 1.51 | +1.6% | -6.5% |
| Adani Green Energy Limited | ₹2.10 L Cr | ₹1,334.5 | 122.3 | 10.51 | 8.3% | 5.08 | +11.6% | +36.3% |
| Adani Energy Solutions Limited | ₹1.70 L Cr | ₹1,436.1 | 57.1 | 6.67 | 9.0% | 1.93 | +15.4% | +71.5% |
| Tata Power Company Limited | ₹1.18 L Cr | ₹374.8 | 30.6 | 2.99 | 9.5% | 2.02 | -4.8% | -4.7% |
| GAIL (India) Limited | ₹1.13 L Cr | ₹173.9 | 11.4 | 1.27 | 8.5% | 0.28 | -0.2% | -3.9% |
| Siemens Energy India Limited | ₹1.11 L Cr | ₹3,228 | 74.2 | 25.27 | 25.1% | 0.03 | +63.5% | -7.1% |
| JSW Energy Limited | ₹93,817.50 Cr | ₹526 | 40.3 | 3.05 | 7.3% | 2.50 | +62.8% | -2.2% |
| NHPC Limited | ₹75,749.61 Cr | ₹75.2 | 27.6 | 1.83 | 9.1% | 1.32 | +7.2% | -13.8% |
| NTPC Green Energy Limited | ₹73,797.80 Cr | ₹88.55 | 141.3 | 3.89 | 2.8% | 1.67 | +29.8% | -14.7% |
| Torrent Power Limited | ₹65,406.68 Cr | ₹1,297.6 | 28.2 | 3.43 | 12.7% | 0.73 | -0.8% | +2.4% |
Ranked by market cap within Utilities, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Show all 20
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
52 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
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